Forgot to mention that on December 5th I had an interview with Norman Greene who runs a newsletter service Rhythm 'n Price and a blog on TF Metals Report under the pseudonym Argentus Maximus. You can download the Skype interview here. Topics covered in the 42 minute interview include:
- The monetary nature of gold
- Backwardation and carry trades
- Bullion banks’ arbitrage role in the gold market
- Highly competitive refining industry
- How Perth Mint’s backs its unallocated storage with working inventory
- What Perth Mint would do if gold gets scarce and cannot be sourced
- Demand from China and other Asian countries
- Impact of hot money flows on gold market and need to be cautious on next run up in price